Mortgage Rates Decline Further to 7.24%
Freddie Mac's weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaging 7.24% as of October 29, 2026, down from 7.32% the prior week and its lowest level this month. The 15-year FRM averaged 6.60%, down from 6.68%. Rates remain well above year-ago levels of 6.17% and 5.41%, respectively. Chief Economist Sam Khater said the decline modestly boosts purchasing power for prospective buyers.
Key figures
- Frm 15y
- 6.60%
- Frm 30y
- 7.24%
- Frm 15y year ago
- 5.41%
- Frm 30y year ago
- 6.17%
- Frm 15y prior week
- 6.68%
- Frm 30y prior week
- 7.32%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.